Cipher Digital Stock Drops as AI Buildout Debt Concerns Persist
Cipher Digital Inc (NASDAQ:CIFR) shares are sinking Thursday as investors fret over the debt that AI cloud companies are piling up to build compute capacity, and hot inflation data fuels bets on more Fed rate hikes.
Cipher Digital's stock fell because investors worry about two things. One: AI companies are borrowing lots of money to build data centers. Two: inflation data might mean higher interest rates, which makes borrowing more expensive.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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